Cryptocurrency Ethereum (ETH/USD) is trading at 198.00. Cryptocurrency quotes are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for Ethereum. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands. A test of the level of 240.00 is expected, from which one can expect an attempt to continue the fall and further develop the downward trend with a target near the level of 130.00.
Ethereum (ETH/USD) weekly forecast on October 15 — 21, 2018
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator bars at 245.00. Cancellation of the option to continue falling Ethereum will be the breakdown of the upper border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of quotations of the pair above 270.00, which will indicate a change in trend in favor of the bullish Ethereum. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.